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Madness at the NSE
hisah
#201 Posted : Tuesday, April 02, 2013 7:01:03 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
BGL wrote:
We are still 900 points short of the highest point the NSE has ever reached. That was in jan 2007 (5983.

All time high is 6161.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#202 Posted : Tuesday, April 02, 2013 7:01:39 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
6161 was the apex
GOD BLESS YOUR LIFE
BGL
#203 Posted : Tuesday, April 02, 2013 7:07:17 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
oltome wrote:
BGL wrote:
NSE20 index Up 170.08 points to close at 5030.91
na bado!!


Any info on when the market last closed above 5000pts??


between oct-2006 and July-2008 the NSE20 was above 5000 points.

BUT for 10months (may-2009 to March-2010) it was hell, the NSE20 lost half of its value to stand at 2545 as at March 2009.

So, it has not been a rollcoaster.... people have lost money in this NSE while others have made money.

History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
youcan'tstopusnow
#204 Posted : Tuesday, April 02, 2013 8:10:31 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
By the way, how is the property market faring? Mambo bado ni mazuri or are the fortunes inversely proportional to the stock market?
GOD BLESS YOUR LIFE
Sufficiently Philanga....thropic
#205 Posted : Tuesday, April 02, 2013 8:45:02 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,220
Location: Sundowner,Amboseli
youcan'tstopusnow wrote:
By the way, how is the property market faring? Mambo bado ni mazuri or are the fortunes inversely proportional to the stock market?

Na tuplots? Cant see any thread on the kitengela/kisaju onessmile
@SufficientlyP
youcan'tstopusnow
#206 Posted : Tuesday, April 02, 2013 8:50:08 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Sufficiently Philanga....thropic wrote:
youcan'tstopusnow wrote:
By the way, how is the property market faring? Mambo bado ni mazuri or are the fortunes inversely proportional to the stock market?

Na tuplots? Cant see any thread on the kitengela/kisaju onessmile

Threads za tuploti tumenyamaza sana nowadays...
GOD BLESS YOUR LIFE
symbols
#207 Posted : Tuesday, April 02, 2013 9:22:06 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
youcan'tstopusnow wrote:
Sufficiently Philanga....thropic wrote:
youcan'tstopusnow wrote:
By the way, how is the property market faring? Mambo bado ni mazuri or are the fortunes inversely proportional to the stock market?

Na tuplots? Cant see any thread on the kitengela/kisaju onessmile

Threads za tuploti tumenyamaza sana nowadays...

Uchokozi nayosmile
youcan'tstopusnow
#208 Posted : Tuesday, April 02, 2013 9:26:38 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
symbols wrote:
youcan'tstopusnow wrote:
Sufficiently Philanga....thropic wrote:
youcan'tstopusnow wrote:
By the way, how is the property market faring? Mambo bado ni mazuri or are the fortunes inversely proportional to the stock market?

Na tuplots? Cant see any thread on the kitengela/kisaju onessmile

Threads za tuploti tumenyamaza sana nowadays...

Uchokozi nayosmile

Hahaa. Hapana. Ni kuuliza tu
GOD BLESS YOUR LIFE
obiero
#209 Posted : Tuesday, April 02, 2013 10:59:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
time to pick the best over-valued stock. this is harder than i thought

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
symbols
#210 Posted : Tuesday, April 02, 2013 11:05:24 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
Overvalued or undervalued?
youcan'tstopusnow
#211 Posted : Tuesday, April 02, 2013 11:07:32 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The stock market may be
overvalued by between 10 and 30 per cent going by fundamentals of the
companies and economic
performance, analysts
warned even as an apparent bull-run kicked off Tuesday.
Analysts have cited KCB and
Equity Bank as overvalued but as well as Uchumi and East African Breweries Limited (EABL) as being well above their fair prices.
http://www.businessdaily.../-/x64b7az/-/index.html
GOD BLESS YOUR LIFE
symbols
#212 Posted : Tuesday, April 02, 2013 11:19:20 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
youcan'tstopusnow wrote:
The stock market may be
overvalued by between 10 and 30 per cent going by fundamentals of the
companies and economic
performance, analysts
warned even as an apparent bull-run kicked off Tuesday.
Analysts have cited KCB and
Equity Bank as overvalued but as well as Uchumi and East African Breweries Limited (EABL) as being well above their fair prices.
http://www.businessdaily.../-/x64b7az/-/index.html

HmmmmmThink
vastcapital
#213 Posted : Tuesday, April 02, 2013 11:37:17 PM
Rank: New-farer


Joined: 10/10/2010
Posts: 51
Location: Nairobi
This is just a two day madness. The market being generally overvalued profit takers will come around by Friday!
symbols
#214 Posted : Tuesday, April 02, 2013 11:41:02 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
symbols wrote:
youcan'tstopusnow wrote:
The stock market may be
overvalued by between 10 and 30 per cent going by fundamentals of the
companies and economic
performance, analysts
warned even as an apparent bull-run kicked off Tuesday.
Analysts have cited KCB and
Equity Bank as overvalued but as well as Uchumi and East African Breweries Limited (EABL) as being well above their fair prices.
http://www.businessdaily.../-/x64b7az/-/index.html

HmmmmmThink

I'm thinking about their intentions.What would they gain from such news?
KenSaf
#215 Posted : Wednesday, April 03, 2013 7:39:54 AM
Rank: Member


Joined: 6/4/2008
Posts: 394
How stock exchange works.



Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for 1000 each.

The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at 1000 and as supply started to diminish, the villagers stopped their effort.

He further announced that he would now buy at 2000. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.

The offer increased to 2500 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at 5000! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at 3500 and when the man returns from the city, you can sell them to him for 5000 each."

The villagers rounded up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!

Now you have a better understanding of how the stock exchange works.
Doors of opportunity don't just open , they have to be unlocked & it's up to you to turn the knob.
ayub900
#216 Posted : Wednesday, April 03, 2013 9:35:06 AM
Rank: New-farer


Joined: 3/7/2013
Posts: 12
true madness is when companies report huge losses or depressed profits in their annual balance sheets and yet enjoy the apparent bull run. ones left to wonder what fundamentals really drives this market. juju ?
mwekez@ji
#217 Posted : Wednesday, April 03, 2013 9:57:52 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
There is madness at some counters but not all. I detest the generalization coz upsurge at a number of counters is in order based on trailing and forward ratios. … Why not discuss the individual counters going through the madness gush
mlennyma
#218 Posted : Wednesday, April 03, 2013 10:01:01 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Profit takers might troop as early as today and tomoro
"Don't let the fear of losing be greater than the excitement of winning."
Aguytrying
#219 Posted : Wednesday, April 03, 2013 10:40:37 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
There is madness at some counters but not all. I detest the generalization coz upsurge at a number of counters is in order based on trailing and forward ratios. … Why not discuss the individual counters going through the madness gush


True. Madness at the following in my opinion.

NMG
SCAN
UCHUMI
BBK
CIC
ARM
EABL


These have fever pitch madness
The investor's chief problem - and even his worst enemy - is likely to be himself
mkonomtupu
#220 Posted : Wednesday, April 03, 2013 10:48:43 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
In the interest of sanity I have taken profits on Kengen 8.3 to 16.05 and my NIC rights 21-56 and the last of my Uchumi 7.8-22. Use the proceeds to pay off loans, fatten my sacco deposits and pension fund and take a little holiday to reflect on the sectors that are likely to do well in the next ten years
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